ASSESSING THE HEALTH BENEFITS OF A PARIS-ALIGNED COAL PHASE OUT FOR SOUTH KOREA
May, 2021
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 1
AUTHORS
Gaurav Ganti Anne Zimmer
Andreas Anhaüser* Charlotte Plinke
Lauri Myllyvirta** Carley Reynolds
Deborah Ramalope Matthew Gidden
Bill Hare
We would like to express our gratitude to the team of Solutions for Our Climate for their review and guidance in shaping this document.
A digital copy of this briefing along with supporting appendices is available at:
www.climateanalytics.org/publications
CITATION AND ACKNOWLEDGMENTS This publication may be reproduced in whole or in part and in any form for educational or non-profit services without special permission from Climate Analytics, provided acknowledgment and/or proper referencing of the source is made.
This publication may not be resold or used for any commercial purpose without prior written permission from Climate Analytics. We regret any errors or omissions that may have been unwittingly made.
This document may be cited as: Climate Analytics (2021). Assessing the Health Benefits of a Paris-Aligned Coal Phaseout for South Korea
* Affiliation: Greenpeace ** Affiliation: Center for Research on Energy and Clean Air
Supporting science based policy to prevent dangerous climate change enabling sustainable development
www.climateanalytics.org
In collaboration with:
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 2
Key findings
● To contribute to the achievement of the Paris Agreement, South Korea needs to phase out coal from its electricity sector before 2030. The country’s 9th Basic Plan for Electricity Power Supply and Demand (9th BPESD) presents a unit-level operation schedule for coal power plants that would see nearly 27 GW of coal-fired power capacity still online in 2034, with coal eventually being phased out in 2054, almost 25 years later than is required to be Paris Agreement compatible.
● In this work we present two unit-level decommissioning schedules that are aligned with a Paris Agreement compatible CO2 emission reduction pathway. Both of these schedules require 4.2 GW of coal capacity to be retired each year, and units currently under construction would only be able to operate for four years at the most.
● Coal-fired power plants are a significant source of air pollution in South Korea, which has been linked to premature deaths due to increased risk for cardiovascular diseases, chronic and acute respiratory diseases, and other health impacts such as pre-term births and depression.
● Following the two Paris-compatible decommissioning schedules presented in this study could halve the number of premature deaths linked to air pollution from South Korean coal plants within the next 5 years and save over 18,000 lives (over 12,000 lives within South Korea) until the end of their operation, when compared to the current policy plan of phasing out coal in 2054.
Avoided health impacts under accelerated coal phase out (Market Scenario) Total Domestic Abroad
Outcome 95%-confidence interval 95%-confidence interval 95%-confidence interval best low high best low high best low high estimate estimate estimate estimate estimate estimate estimate estimate estimate Premature 18,482 12,034 25,589 12,619 8,168 17,363 5,863 3,866 8,226 deaths Years of potential life 339,294 219,361 474,593 228,161 147,813 314,663 111,133 71,548 159,930 lost Preterm births 1,734 839 1,842 830 402 882 904 437 960 Asthma: New 3,261 706 7,373 2,552 552 5,787 709 154 1,586 cases Table: Avoided impacts (selected) in a Paris Agreement consistent coal phase out scenario compared to current policies.
● A corresponding reduction of over 1,700 preterm births (800 within South Korean boundaries), 3,000 new asthma cases (2,500 within South Korean boundaries) and more than 4.6 million work absence days (2.8 million within South Korean boundaries) is estimated to result from the accelerated decommissioning schedule as compared to current policy plans (see Table above).
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 3
Introduction
South Korea relies heavily on coal for electricity generation (coal accounted for 29% of installed capacity in 2020)—a significant contributor to air pollution and its associated health impacts. South Korea consistently ranks high among the countries where air pollution levels recommended by the World Health Organisation are exceeded by a wide margin [1].
This has led the South Korean government to declare air pollution a ‘social disaster’ that necessitates emergency mitigation measures [2]. Despite this, the government plans to continue to build coal-fired power plants with nearly 7.3 GW of coal capacity still at various stages of construction and planning [3].
th Figure 1 Comparison between potential CO2 emissions from coal generation under the 9 BPESD and a Paris Agreement consistent emission reduction pathway. *see explanation in footnote 1
The continued expansion of coal capacity stands in stark contrast to the benchmark coal phase out date of 2029 (Figure 1) that is consistent with the achievement of the Paris Agreement temperature limit1 [4]. The 9th BPESD (Box 1) released in December 2020 lays out a decommissioning trajectory that would see over 30 GW of coal capacity still online in 2030.
Such a trajectory would lock South Korea into a future that is not only inconsistent with greenhouse gas emission reduction targets (with emissions from coal-fired generation peaking only around 2025), but also exposes its population to elevated immediate health risks due to air pollution.
In this brief, we present two alternate decommissioning schedules that are consistent with meeting the 2029 benchmark for a complete coal phase out and highlight the health impacts avoided due to accelerated decommissioning of coal-fired power units in South Korea.
1 Climate Analytics modelled a Paris Agreement consistent emission reduction pathway for coal generation in South Korea based on a downscaling model applied to the IEA’s Energy Technology Perspectives “Beyond 2°C Scenario“, taking into account historical emissions until 2019. This pathway has been assessed by Climate Analytics to have characteristics that are consistent with the Long-Term Temperature Goal of the Paris Agreement. The Paris Agreement establishes a global commitment to limit warming “well below 2°C” and to pursue efforts to limit warming to 1.5°C.
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 4
Box 1 The 9th Basic Plan for Electricity Supply and Demand
The 9th Basic Plan for Electricity Supply and Demand
The Basic Plan for Electricity Supply and Demand is a biennial report that is prepared by the Ministry of Trade, Industry and Energy in accordance with Article 25 of the Electricity Business Act and Article 15 of the Enforcement Decree. The document presents the long-term supply and demand plan (for a period of 15 years) for electricity in South Korea.
The 9th plan (December 2020) aims to decrease coal and nuclear capacity while increasing natural gas and renewable energy capacities to meet growing demand. The following are some of the key characteristics of the 9th plan:
● 7.2 GW of coal capacity is set to come online in the next five years; ● Installed coal capacity is set to peak at 40.6 GW in 2024 and then decline to 29 GW by 2034; ● 24 units (12.7 GW) of coal-fired power plants to be converted to run on natural gas by 2034; ● Increase natural gas capacity to 58 GW and renewable energy capacity to 78 GW (59% solar and 32% wind) in 2034.
Unit-level decommissioning schedules
Based on the emission reduction pathway presented in Figure 1, we propose two different decommissioning schedules for South Korea’s coal generation units based on a method we have developed to construct a “priority order” for unit-level retirements [5]. The “priority order” is based on two different perspectives:
• Regulator perspective: In this perspective, the most carbon emission-intensive coal power units are prioritised for decommissioning. Put differently, the decommissioning date for each unit is determined primarily by the amount of CO2 emitted per unit of electricity generated and secondarily (to break ties between units that have the same emission intensity) by the highest Long Run Marginal Cost (LRMC).
● Market perspective: The primary objective of this approach is to reduce the overall national cost of the shutdown by prioritising the decommissioning of units with the highest generation costs2 per unit of electricity generated. We use estimates for the generation costs from the Carbon Tracker Initiative [6].
The decommissioning calculations are then performed step by step. For each year in which the sum of emissions from coal plants is above levels consistent with the long-term goal of the Paris Agreement, plants are decommissioned until the emissions are at or below this level.3 Further details about the calculation methods for the two perspectives are presented in Annex I.
2 We select the Long Run Marginal Cost (LRMC) in line with the recommendation from Carbon Tracker Initiative reports given that the South Korean electricity market is heavily regulated by the government. 3 These scenarios do not account for significant factors including the importance of each unit to grid stability and expected return on investment. They are, by design, stylised scenarios that are meant to provide an insight into how different strategies could differ (or lead to similar conclusions, as we highlight in this brief).
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 5
The average annual capacity reduction of coal-fired power is 4.2 GW in both perspectives, with the last units shutting down in 2029. The phase out date differs by less than 2 years between the two perspectives for 50 out of 67 units (i.e., 75% of all units). This indicates that, while the perspective matters to some extent in the precise retirement year of the units, the narrow window for the retirement of all units is the most important aspect to keep in mind. We provide information per unit and a description of some insights at the unit-level in Annex II.
Air pollution and health impacts of continued reliance on coal
Coal combustion is not only an issue because of CO2 emissions, but also because it generates large amounts of air pollutants which are linked to a number of damaging environmental and public health impacts. Since both stem from the same process – fossil fuel combustion – air pollution can be avoided by policy measures primarily aimed at reducing carbon emissions [7]-[11].
Fine particulate matter (PM2.5) is known to increase the risk of severe health conditions, such as cardiovascular disease, chronic and acute respiratory disease, lung cancer and premature births [12]- [15], among others. Sulphur dioxide (SO2) causes acid rain [16], toxic heavy metals such as mercury can damage the nervous system, including the brain [17] and nitrogen oxides (NOx) affect the respiratory system, while also contributing to the formation of additional particulate matter and harmful ozone (O3) [18].
While air pollution has been labelled a ‘social disaster’ by the South Korean government, the rhetoric has not been accompanied by sufficient policy measures [2]. In the recent past, the concentration levels of PM2.5 in Seoul has been around two times higher than the recommended limits in the guidelines of the World Health Organisation [19].
While there has been a substantial decrease in coal-related fine particulate matter emissions compared to 2018,4 the country’s 60 coal-fired power plants still emitted 3,527 tonnes of PM2.5- related air pollutants in December 2020 [20]. According to the Ministry of Environment, the progress in reducing air pollution emissions was achieved by shutting down old coal-fired power plants early, halting operation during seasons with high air pollution levels and enforcing emission standards for coal power plants [20], demonstrating that an accelerated coal phase out can be an effective approach to cutting air pollutants.
Air quality and health benefits of accelerated coal decommissioning schedules
The population exposed to air pollution from coal-fired power plants would benefit substantially from an accelerated, Paris Agreement compatible decommissioning schedule. In order to assess this quantitatively, we conducted a modelling study using a numerical weather model with a chemistry module to study the dispersion of pollutants emitted by the power plants. We present a brief overview of the method in Box 2 and a detailed overview in Annex III.
4 The Ministry of Environment reports a 60% decrease from the 8,781 tons emitted in December 2018 compared to December 2020 [20]. The actual effectiveness of the more recently adopted measures to manage air pollution from coal power plants, such as the most recent Comprehensive Plan on Fine Dust Management (CPFDM) implemented in November 2019 [25], remains to be seen when the economy recovers from COVID-19.
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 6
Both schedules consistent with the Paris Agreement would result in a steep reduction of close to 79% in the estimated number of premature deaths resulting from air pollution from South Korean coal power plants when compared to the projection under the 9th BPESD (Figure 2a and b for total effect and 2e and f for domestic effect). While there is little difference between the two phase out scenarios, the potential reduction in accumulated effects between the current policy scenario and the accelerated decommissioning schedules is substantial. The number of premature deaths per year is almost halved in the next five years under these schedules, as opposed to an increase under the 9th BPESD. Cumulatively, around 18,000 premature deaths5 - more than 12,500 of these within South Korea - can be avoided in the Paris Agreement schedules as compared to the 9th BPESD (which sees more than 23,000 premature deaths until 2054, almost 15,900 of these within South Korea – see Figure 2c and d and Table 1-3).
Total a b
c d
4 4
5 Best estimate. 95%-confidence ranges are shown in Tables 1-3.
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 7
Domestic e ff
g h
4 4
Figure 2: Estimated total premature deaths per year (figures a and b for total and e and f for domestic) and cumulative premature deaths accumulated over the time of the phase out (figures c and d for total and g and h for domestic) related to air pollution from South Korean coal power plants comparing the current policy trajectory of the 9th BPESD with the accelerated coal phase out scenarios in line with the Paris Agreement (Left – Market Perspective, Right – Regulator perspective). Shaded areas show 95%-confidence intervals.6
There is significant variation in the regional impacts of air pollution. We construct a hypothetical case overlaying the emissions of all operating and planned coal power plants to illustrate the regional per capita impacts7 (shown in Figure 3 as air pollution deaths per million inhabitants). Coal power related air pollution deaths are especially high in the vicinity of the power plants, which are grouped in three clusters: one in the South, one in the North-East and one in the West. The 10 most affected
6 The rate of premature deaths from coal-fired power plants (panel a, b, e and f) is changing over time due to two opposing effects competing against each other. 1) Sharp downward cuts appear when a power plant unit goes offline (often multiple units at a time). In the early years, some new units go online, which leads to a sharp increase. 2) These sharp sudden drops are superposed to an underlying constant increase in the death rate which is due to the changing demography: The population is projected to age, which makes people more vulnerable to air pollution-related deaths (see Annex II A2). The numbers in this figure are rounded – for underlying numbers please see tables I-III in Annex IV. 7 In reality, some power plant units are planned to already be taken offline before new ones currently in the pipeline go online. Thus, there is no time when all units are online concurrently. Yet, the map shows very clearly that there are regions that suffer the highest health impacts from coal power generation in relative terms (i.e. accounting for differences in population density).
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 8
municipalities (in terms of deaths per population if all units were online at the same time) are: Gwangyang, Boryeong, Suncheon, Donghae, Hongseong, Hadong, Gurye, Gokseong, Sacheon and Samcheok. In terms of absolute numbers, the most populous areas suffer the most premature deaths, as a higher population density also increases the number of people exposed to the air pollution from a particular coal power plant (not shown).
Figure 3: Regional distribution of coal power related air pollution deaths per capita when modelling air pollutant emission of all current and future coal power plants in South Korea combined (best estimate). Note that this shows a hypothetical case with all power plant units emitting at the same time to illustrate which regions are affected the most. In reality, some units would already be phased out when newly constructed power plants would come online.
On average, each of these premature deaths cut short a person’s life, leading close to 430,000 years of potential life lost due to air pollution from South Korea’s coal power fleet until their end of operation under current policies (Annex IV Table I). Over 280,000 of these potential life years are lost to residents of South Korea, the remaining more than 140,000 to people abroad. Under either of the Paris compatible phase out scenarios, these numbers are drastically decreased to around 90,000 years of potential life lost, saving more than 330,000 life years in total (Tables 1 and 2 as well as Tables I, II and III in Annex IV).
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 9
Table 1: Accumulated avoided health impacts of South Korean coal-fired power plants from 2021-2054, total, domestic and abroad, under the Regulator Perspective Scenario compared to the Current Policies Scenario.
Avoided health impacts under Regulator Scenario Total Domestic Abroad
Outcome 95%-confidence interval 95%-confidence interval 95%-confidence interval best low high best low high best low high estimate estimate estimate estimate estimate estimate estimate estimate estimate Premature 18,410 11,993 25,480 12,527 8,113 17,232 5,883 3,880 8,248 deaths Years of potential 337,632 218,417 472,071 226,502 146,807 312,305 111,130 71,610 159,766 life lost Preterm births 1,728 836 1,835 827 400 879 901 436 956 Asthma: New 3,239 701 7,323 2,528 547 5,732 711 154 1,591 cases Asthma: Emergency room 7,307 4,544 10,047 4,122 2,581 5,650 3,185 1,963 4,397 visits Work absences 4,647,484 3,953,635 5,336,693 2,809,835 2,390,349 3,226,511 1,837,649 1,563,286 2,110,182 (person days)
Table 2: Accumulated avoided health impacts of South Korean coal-fired power plants from 2021-2054, total, domestic and abroad, under the Market Perspective Scenario compared to the Current Policies Scenario.
Avoided health impacts under Market Scenario Total Domestic Abroad
Outcome 95%-confidence interval 95%-confidence interval 95%-confidence interval best low high best low high best low high estimate estimate estimate estimate estimate estimate estimate estimate estimate Premature 18,482 12,034 25,589 12,619 8,168 17,363 5,863 3,866 8,226 deaths Years of potential 339,294 219,361 474,593 228,161 147,813 314,663 111,133 71,548 159,930 life lost Preterm births 1,734 839 1,842 830 402 882 904 437 960 Asthma: New 3,261 706 7,373 2,552 552 5,787 709 154 1,586 cases Asthma: Emergency room 7,326 4,555 10,072 4,136 2,589 5,669 3,190 1,966 4,403 visits Work absences 4,652,626 3,958,009 5,342,597 2,819,235 2,398,346 3,237,305 1,833,391 1,559,663 2,105,292 (person days)
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 10
Air pollution also causes a variety of non-lethal negative health impacts. Under current policies, more than 2,300 preterm births (of these 1,100 in South Korea) between 2021-2054 are estimated to be attributed to air pollution from South Korean coal power, around three quarters of which would be avoided by either of the two phaseout scenarios (Annex IV Table 1). Under both phaseout scenarios, the number of future new asthma cases can be reduced by over 3,000 and the number of emergency room visits due to an exacerbated pre-existing asthma condition can be reduced by well over 7000 cases (Table 1 and Table 2).
All of these health impacts not only cause personal harm to the affected individual, but also entail economic losses to the society due to the need to use health care services, but also through loss of productivity, manifesting in more than 6.3 million work absences (person days) under current policies (see Table I in Annex IV). This number would be reduced by 73% to around 1.7 million under either of the phase out scenarios.
Box 2: Air pollution impact calculation methodology
Methodology
The unit-level decommissioning schedules serve as an input to estimate the respective air quality benefits of an accelerated South Korean coal phase out. Using the concentration-response functions for various health outcomes, we computed the health impacts of the continued operation of the power plants in the future. This captures the contribution of each coal unit to air pollutant concentration, which is then used to calculate impacts on human health for the exposed population within South Korea as well as neighbouring countries,8 taking projected population developments and changes in age structures into account. We assess these impacts in comparison to the expected health impacts under the 9th BPESD. Further details on the methodology are presented in Annex III.
Conclusion
Our results show that an accelerated phase out of coal power generation in South Korea is not only needed to comply with the internationally agreed goals of the Paris Agreement, which South Korea has ratified, it would also save about 18,000 lives (over 12,000 domestically) compared to the current policy plan of phasing out coal in 2054.
In just five years’ time, implementing an accelerated coal phase out could halve the number of premature deaths per year stemming from air pollution from South Korean coal plants. The choice of the criteria for ranking which coal power plant units should be phased out in which order matters only slightly, with phasing out more carbon-intensive coal power plants first resulting in a slightly higher number of lives that could be saved compared to taking the marginal cost perspective for ranking coal units for phase out.
Our findings are corroborated by findings from recent scientific literature. Maamoun et al (2020) rank over 2,000 operating coal-fired power plants in the world based on their age, carbon intensity and air pollution potential, and identify the top plants to be retired early according to these criteria to be
8 China, Japan and North Korea.
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 11
located in China, India and South Korea [22], supporting our findings for a need for an accelerated coal phase out in South Korea.
Quantifying the health benefits from reduced air pollution for South Korea achieving ambitious climate mitigation targets, Kim et al (2020) estimate that the economic health benefits could considerably outweigh the total costs of climate change mitigation in South Korea [23]. They estimate savings from reduced health expenditures to be about 0.14 billion USD and those from reducing the number of work hours lost to 0.38 billion USD, while the valuation of avoiding premature deaths alone could reduce economic health costs by about 23 billion USD applying a value of statistical life approach. A recent study focussed on coal in the power sector found that the cumulative cost of health impacts under the 9th BPESD could be as high as 21 billion USD [26].
It is important to note that the results presented in this brief only consider the air pollution and health impacts from the coal-fired power plants themselves. In this regard, the presented health benefits of an accelerated coal phase out can be considered conservative for two reasons:
● First, the processes along the supply chain for coal, including mining, hauling, storage and coal ash disposal also cause considerable air pollution and health impacts that are not included in our estimates. ● Moreover, the 9th BPESD foresees that 24 coal power plants are transformed into natural gas power plants. Recent research has demonstrated that a coal-to-gas transition in the electricity system is unlikely to be consistent with achieving the warming limit of the Paris Agreement [27], and instead direct transition to renewables may be a better pathway. Natural gas also contributes to air pollution impacts, which are not considered here.
● As a consequence, the total air pollution as well as CO2 emissions stemming from power generation under the business-as-usual scenario can be expected to be even higher, and thus the health and climate benefits of an accelerated coal phase out (without transforming coal power into natural gas power plants) would be even higher.
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 12
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[21] Solutions for Our Climate, “기후솔루션,” 2020. [Online]. Available: http://www.forourclimate.org/sub/data/view.html?idx=12&curpage=2. [Accessed: 15-Mar-2021]. [22] N. Maamoun, R. Kennedy, X. Jin, and J. Urpelainen, “Identifying coal-fired power plants for early retirement,” Renew. Sustain. Energy Rev., vol. 126, 2020, doi: 10.1016/j.rser.2020.109833. [23] S. E. Kim et al., “Air quality co-benefits from climate mitigation for human health in South Korea,” Environ. Int., vol. 136, no. June 2019, p. 105507, 2020, doi: 10.1016/j.envint.2020.105507. [24] IPCC, “Stationary Combustion,” in 2006 IPCC Guidelines for National Greenhouse Gas Inventories, H. S. Eggleston, L. Buendia, K. Miwa, T. Ngara, and K. Tanabe, Eds. 2006. [25] Ministry of Environment (MOTIE), “Air pollution.” [Online]. Available: http://eng.me.go.kr/eng/web/index.do?menuId=464. [Accessed: 09-Mar-2021]. [26] CREA. (2021). The Health and Economic Cost of Coal Dependence in South Korea’s Power Mix. [27]. Ganti, G., Brecha, R., Strefler, J., Uekcerdt, F., Luderer, G., & Gidden, M. (2021). Coal-to-Gas Bridge Incompatible with Paris Agreement Goals. doi: https://doi.org/10.21203/rs.3.rs-289099/v1
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Annex I – Methodology for unit-level phase out schedules and emission calculations
In this study we consider two approaches to determine the phase out schedule at the unit level:
● “Regulator” perspective: it adopts an environmental integrity approach and prioritises the shutdown of the least efficient units, while also taking into account the maximisation of the revenue they can generate. For this perspective, we assume generation units are sorted primarily according to their carbon intensity (amount of CO2 emitted per unit of electricity generated). To reduce the overall economic loss of the phase out and given that many generation units have similar carbon intensity characteristics, a second sorting is applied where priority for phase out is given to the units with lower LRMC in each of the carbon intensity ranges. We assume a constant capacity factor of 70% over time for our scenarios (further details on the emission calculation below). ● “Market” perspective: it aims to reduce the overall national cost (regardless of region) of the shut down for investors and owners by keeping units with higher economic value online as long as possible. Similar to the Regulator perspective, the sorting of the units is done using a two-step approach. Units are sorted according to the LRMC and then ties are broken using the emission intensity of electricity generation. The shutdown is performed in a step-by-step manner. For each year in which the sum of emissions from the coal plants are above target emissions pathway, plants need to be shut down until the emissions are below this level. Coal power units are sorted as explained above and those units with highest priority will be shut down in a certain year, as depicted in Figure 13.
Assessing the health benefits of a Paris-aligned coal phase out for South Korea 1
Figure 13 – Schematic overview of methodology. Each of the boxes labelled A to G shows emissions from a power unit. The blue line indicates cost optimal coal emissions pathways in line with the Paris Agreement Long-Term Temperature Goal, and t0 through t4 depict the time steps (years). If we assume that our shutdown regime starts in t1, this means that plants G and F need to shut down – as indicated by the grey colour. In t2 plant E needs to be shut down under a least cost strategy and in t3 only plants A and B may remain in operation. In t4 all remaining plants need to be shut down, as emissions need to reach zero.
To estimate emissions resulting from currently operating and planned coal power plants in South Korea we used the Global Coal Plant Tracker (GCPT) database, which provides information on every known coal-fired power generation unit, including its location, status, investor, capacity, combustion technology9 and fuel, year of opening and planned retirement. We merge the data with data from KEPCO and assign a capacity factor of 70% to all units. The data used in this report comprise of detailed information per plant concerning the country, its capacity, status and combustion technology, which allows to estimate CO2 from these plants, using the following formula:
Yearly emissions: 1 ���!" = ���! ∗ ∗ ��!" ∗ ��! ∗ � ���! with:
����� are the yearly emissions of plant unit i in Mt CO2 in a particular year.
���� is the Capacity of plant unit i in MWel. MWel describes the electrical output of a power plant (unit). About two-thirds (actual value depending on the combustion technology) of the energy contained in a coal power plant’s fuel is lost while converting it into electricity. The thermal energy released during the conversion is usually not used anymore but gotten rid of via cooling towers or rivers.
���� is the conversion efficiency of a power plant unit: How much of the energy contained in the fuel (coal) is converted to electricity. In general, this is higher for modern plants, which dominate South Korea’s coal power generation.
���� is the load factor of the power plant in a particular year. The load factor is the ratio of the actual power plant output over its theoretical maximum output and is usually calculated over the course of a year. The theoretical maximum output can be calculated by assuming that a power plant runs at its nameplate capacity 24 hours a day, 365 days a year i.e. a power plant unit with a capacity of 100 MW has a theoretical maximum output of: